cost accounting

American  

noun

1. an accounting system indicating the cost of items involved in production.

---

cost accounting British  

noun

1. Also called: management accounting. the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities

---

Other Word Forms

• cost accountant
  noun

---

Etymology

Origin of cost accounting

First recorded in 1910–15

---

Example Sentences

See Examples For:

cost accounting

Some programs used to evaluate their curricula on a three- or five-year cycle because foundational subjects like financial and cost accounting rarely changed.

From The Wall Street Journal ● May 18, 2026

Using true cost accounting as a guide, policymakers could reallocate some of these vast sums of money toward production methods that deliver net-positive benefits, such as expanding organic agriculture, agroforestry and sustainable fisheries.

From Salon ● Feb. 28, 2024

This could hypothetically happen through public subsidies and stricter production standards linked to receipt of government funds, or a true cost accounting formula that took into account all the externalities of feed production.

From Salon ● Jan. 8, 2023

If you need help determining the appropriate method for your industry, it’s advisable to consult a professional tax expert who understands the details associated with different cost accounting methods.

From Encyclopedia.com ● Jun. 26, 2018

The Government stated this proposition when it first undertook to put the space program on a priority basis: Scientific research has never been amenable to rigorous cost accounting in advance.

From The Practical Values of Space Exploration Report of the Committee on Science and Astronautics, U.S. House of Representatives, Eighty-Sixth Congress, Second Session by United States. Congress. House. Committee on Science and Astronautics.

Random Word

Spin the wheel and learn a new word!

---